Fin24

Petrol price relief for motorists

2012-12-27 13:50

Johannesburg - The retail price of petrol will decrease by between 13 and 15 cents per litre on Wednesday January 2‚ the Department of Energy announced on Thursday.

The price of 93 grade petrol will fall by 13 cents a litre‚ and that of 95 grade petrol by 15 cents a litre.

The price of 0.05% sulphur diesel will cost 27.58c/l less while that of 0.005% sulphur diesel will fall by 28.58c/l.

The international product price of petrol increased slightly by 2.21c/l while that of diesel and illumintaing paraffin declined by 10c/l and 6c/l respectively.

The average rand/dollar exchange rate strengthened when compared to the previous period. The average rand/dollar exchange rate for the period 30 November to 26 December was 8.6833 compared to 8.8252 during the previous period.

The strenghthening of the rand versus the dollar decreased the contribution to the basic fuels price on petrol‚ diesel and illuminating paraffin by 11c/l‚ 11.71c/l and 11.7c/l respctively.

Petrol 95 ULP octane in Gauteng will now cost R11.86 a litre‚ while at the coast it will cost R11.51 per litre.

The Single Maximum National Retail price for illuminating paraffin will decrease by 23c/l.

Comments
  • ewroux - 2012-12-27 14:07

    Well at least those lucky people who are on holiday will have a few extra rands in their pocket to carry them through the month of January to the next pay day!

      gerald.king.589 - 2012-12-27 15:42

      What you mean at least? More like at best! This 15c isnt going to show elsewhere like food etc....

  • bob.small.7547 - 2012-12-27 14:11

    "The retail price of petrol will decrease by between 13 and 15 cents per litre on Wednesday" Why even bother....! The price of Petrol has become so inflated over the last 2+ years...and you expect motorists to do a jiggle and dance for such a small price decrease!

  • makhosonke.mqikela - 2012-12-27 14:16

    A bit of a relief. I'm just hoping we the customers will see that differnce on foodstuff :(

      lionel.schultz.1 - 2012-12-27 15:59

      A price decrease in fuel never results in the price of foodstuffs or any other consumer commodity decreasing, it just does not work that way and not what one learns in economics. If anything this is what is known as profit taking by companies, the lower the input costs of which fuel is, the higher the profit margins. One must also remember that the majority of food companies take a general price increase early in the new year.

  • megalos.savvas - 2012-12-27 14:18

    Yeah goes down by 13% and then goes up 33% in a months time . I remember Bush saying the price will go back to normal when they caught Bin Laden

  • nicolaas.geldenhuys - 2012-12-27 14:21

    Wow! This is such a relief! Now I will save a whole 9 rand on a 60 liter tank! Can't even buy a beer with that!!!

  • irma.white.9 - 2012-12-27 14:23

    Oh lovely. Now I will save about R50 on petrol this coming month.

      freddy.vanwijk - 2012-12-29 07:59

      You forgot something. Prices on other things go up even more to fund SANRAL and "Zumaville".

  • shengeboy - 2012-12-27 14:30

    praise the Lord

      bob.small.7547 - 2012-12-27 14:42

      Huh

  • isaac.makua - 2012-12-27 14:33

    Lets hope we see more decrease next year, though food prices will not go down.

  • thadelphukem.completely - 2012-12-27 14:42

    About flippin time!!!

  • rudzanimulaudzi.mulaudzi - 2012-12-27 15:26

    Heeee hahaha xaxaxa aaaaa, Megalos I remember when Bush said if they caught and kill Bin laden the price will go to normal. Anyway the food price will never go down. So it is possible that after two month it can inrease by close to 40%.

  • theMichaelHawthorne - 2012-12-27 17:01

    We still pay the government 73c per km of travel based on 10km per liter... Why is the petrol in other african countries half price.... because we are taxed through our ears...........

  • theMichaelHawthorne - 2012-12-27 17:03

    The actual cost of the petrol is somewhere between R3.50 to R6 per liter the rest are taxes...

  • theMichaelHawthorne - 2012-12-27 17:04

    ...and very little markup for the petro station.

  • vernon12345 - 2012-12-27 23:43

    Only to go up the following week by 26c

      sipho.mathabula - 2012-12-29 15:45

      Petrol prices are adjusted monthly not weekly, IGNORAMUS !!!!

  • paul.davids.923 - 2012-12-28 08:01

    some good news for a change after reading about Jaco Zuma and his silly comments

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